Don't miss

Replay


LATEST SHOWS

#TECH 24

Energy Observer: The world's first hydrogen-powered boat

Read more

FOCUS

French women speak out about sexual harassment, but what happens next?

Read more

ENCORE!

The best winter exhibitions

Read more

#THE 51%

Shortage of male heirs leads many Japanese families to adopt adult men

Read more

FASHION

Death of an icon: Remembering fashion designer Azzedine Alaïa

Read more

BUSINESS DAILY

Black Friday deals: Are they really worth it?

Read more

REPORTERS

Video: Is Trump slamming door on Muslims' American Dream?

Read more

IN THE PAPERS

Did Grace Mugabe's rise cause her husband’s downfall?

Read more

IN THE PAPERS

'When it comes to violence against women, the time to act is now'

Read more

Moscow to invest billions in hi-tech programs

Latest update : 2008-08-20

According to Prime Minister Vladimir Putin, Russia is to invest 16.7 billion euros (24.6 billion dollars) in hi-tech industries between 2008 and 2010, in order to make the country less dependent on its natural resource exports.

Russia is to invest 600 billion rubles (24.6 billion dollars, 16.7 billion euros) in hi-tech industries over two years, Prime Minister Vladimir Putin said Wednesday.

"We have never put this kind of money into this area," Putin was quoted as saying by the Interfax news agency.

"Between 2008 and 2010 we expect to assign 600 billion rubles to various state hi-tech programs," he told the meeting.

Putin has said investment in the technology sector is key to Russia's efforts to wean itself off dependence on the export of natural resources, such as oil, gas and metals, whose prices can fluctuate wildly.

Date created : 2008-08-20

COMMENT(S)